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Smart Cards in the Automatic Fare Collection System to Grow at 30% in the Next Five Years.
Smart Cards in the Automatic Fare Collection System to Grow at 30% in the Next Five Years.
The Modernization of the transportation system in India is expected to create a huge demand of smart cards across the country.
Noida,
Uttar pardesh,
India
(prbd.net)
29/12/2011
A study undertaken by IMARC Group entitled “Indian Smart Cards Market Report & Forecast 2011-2016” finds that the demand of smart cards in the automatic fare collection system is expected to grow exponentially in the next few years. Smart cards enjoy a considerable advantage over conventional tickets/tokens in various modes of transport. Passengers using these cards don’t have to spend a considerable amount of time standing in long queues to buy tickets/ tokens. Moreover, smart cards also bring special offers to customers in the form of discounts, for instance, users of smart cards in the Delhi Metro get a 10% discount on every journey.
Findings from the report suggests that the large scale use of smart cards in the transportation system began with the Delhi Metro with more than 60% of its total passengers using these cards in 2010. Apart from the Delhi metro, the report expects that the demand of smart cards to be driven by a number of other existing and new metro projects such as Kolkata metro, Bangalore Metro, Mumbai Metro, Hyderabad Metro, Chennai Metro, etc. In the Bus transportation system, the report found that smart cards were already available in the BEST and NMMT bus services in Mumbai and will soon be launched across other major cities in India. The report also expects the Indian railways to create a huge opportunity for these cards in the coming years. Smart cards were first launched in the central and western railways in 2007, but are now continuously being extended to all metro and suburban sections of the country. Projections from the report which were based on extensive primary and secondary research expects the total demand of smart cards in the automatic fare collection system to grow at a CAGR of 30% during 2011-2016.
IMARC’s new report entitled “Indian Smart Cards Industry Market Report & Forecast 2011-2016” gives a deep insight into the Indian smart cards market. The research study serves as an analytical as well as a statistical tool to understand the market trends, structure, drivers, restraints and the outlook of the market till 2016. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into Indian smart cards market in some form or the other.
What We Have Achieved in this Report
• Comprehensive situation analysis of the Indian smart cards market and its dynamics.
• Identified all application segments/sub-segments and quantified their current and future market potential.
• Provided a robust long range value and volume forecast for all segments and sub-segments.
• Provided an understanding of key drivers and restraints and their impact on current and future market performance.
Smart Card Application Segments and Sub-segments Covered in this Report
• Telecommunication
• National Population Registry Project
• Financial Services
• Credit & Debit Cards
• Financial Inclusion
• PAN Cards
• Travel Identity
• Driving License
• Registration certificates
• Passports
• Automatic Fare Collection
• Metro Rail Projects
• Bus projects
• Indian Railways
• Healthcare
• Rashtriya Swasthya Bima Yojna
• Ex-servicemen Contributory Health Scheme
• Public Distribution System
Focus of the Analysis for Each Segment & Sub-segment
• Segment/Sub-segment Overview
• Smart Card Implementation Scenario
• Historical and Future Smart Card Volume Demand
• Historical and Future Smart Card Value Demand
Focus of the Analysis for Each Segment & Sub-segment
• Segment/Sub-segment Overview
• Smart Card Implementation Scenario
• Historical and Future Smart Card Volume Demand
• Historical and Future Smart Card Value Demand
Methodology
Initial Exploration of the Indian Smart Cards Market: Conducted secondary and primary market research to complement/enhance our current knowledge and define key market segments and sub-segments.
Qualitative Market Research: Interviewed various industry stakeholders to gain a comprehensive insight on all major segments and sub segments. This included understanding key metrics and events such as smart card requirements, current and future demand, implementation timelines, success and risk factors, costs, etc.
Quantifying the Current &Future Market Potential: Consolidated our results to quantify the value and volume potential of smart cards in each segment and sub-segment.
Validating Our Results: Collaborated with industry stakeholders to validate our results and findings.
Information Sources
Information has been sourced from both primary and secondary sources:
• Primary sources include industry surveys and face to face/telephone interviews with industry experts.
• Secondary sources include proprietary databases and search engines. These sources include company websites and reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.
To buy the complete report or to get a free sample, please contact:
IMARC Group Asia
Email: apac@imarcgroup.com
Phone: +91-120-425-6531
IMARC Group North America
Email: america@imarcgroup.com
Phone: +1-631-791-1145
To know more please visit: http://www.imarcgroup.com/
About
For more than 5 years, the International Market Analysis Research and Consulting Group has been a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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